Yesterday Bitcoin failed to break through the $48,000 mark, after which a correction took place and the price fell below $45,500 as a result creating lower lows on the four-hour timeframe.
This is not a good signal to extend the rise, I warned about this in the last idea. You can see the Wedge pattern on the chart now, price has broken the lower boundary of the wedge and tested it as resistance. It is very likely that bitcoin will go lower to the marked areas. Be careful this could be a trap.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
This is not a good signal to extend the rise, I warned about this in the last idea. You can see the Wedge pattern on the chart now, price has broken the lower boundary of the wedge and tested it as resistance. It is very likely that bitcoin will go lower to the marked areas. Be careful this could be a trap.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Trade closed: target reached:
As we can see everything is going according to the script, if you are already in good profits now, I recommend that you take some profits and move your stop loss to a lossless position.
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